Home MMBIZ News Myanmar Begins Participation in the IMF’s GDDS

Myanmar Begins Participation in the IMF’s GDDS

Myanmar last week started to participate in the International Monetary Fund’s (IMF) General Data Dissemination System (GDDS), marking a major step forward in the development of its statistical system, the Paris-based lender said.

Myanmar is the 110th GDDS participant and the sixth country to join this system in the last 12 months, IMF said in a statement.

The GDDS was established by the IMF in 1997. It provides a framework to help countries to develop their statistical systems to produce comprehensive and accurate statistics for policymaking and analysis.

Kan Zaw, minister for national planning and economic development, said: “Myanmar is committed to use the IMF’s GDDS as a general framework to continue developing the national statistical system consistent with the best international practices.”

Louis Marc Ducharme, director of the IMF’s Statistics department, said: “I welcome Myanmar’s participation in the GDDS. It is an important milestone and marks a crucial step for Myanmar’s statistical development.”

Comprehensive information on Myanmar’s statistical production and dissemination practices now appears on the IMF’s Dissemination Standards Bulletin Board on its website.

- Advertisment -

Must Read

Tourist ngapali beach rakhine

Myanmar’s dream to receive 5 million tourists blown away by COVID-19 

U Ohn Maung, Union Minister of the Ministry of Hotels and Tourism, said that Myanmar’s dream of receiving five million tourists in 2020 was...